KLSE 2014 Dec1-Dec5 w49 Stocks Focus

All Malaysian stocks continue its downtrend, which is unhealthy. Looks like funds is going out from this country. This week I will be reverting on stocks that are fundamentally strong for long term investment. Volume and volatility have been steadily declining in last few months and as we can only go long as a retail investor, the stock market has become boring.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
MITRA          6.1%     1.15    1.22              1.06           Flag breakout

AIRASIA       5.8%     2.58    2.73              2.45           Major resistance breakout

 

MITRA- Wait for flag breakout trading above 1.15 before enter

AIRASIA- Reached major resistance (failed to breakout from this level 6 times) at 2.58 on Friday. Enter only if it can close above 2.58. 7th time lucky?

Happy trading!

KLSE 2014 Nov24-Nov28 w48 Stocks Focus

KLCI continued trending downwards. If next week KLCI traded below minor support of 1807, more downside will be coming. Caution, patience, and a big heart if you buy stocks in KLCI

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
TDEX           8%          0.25    0.27              0.225        Minor Resistance breakout

SYSTECH     13.3%    0.30    0.34              0.245        Minor resistance breakout

 

TDEX- Enter only if it can stay above minor resistance breakout level of 0.25. High risk trade.

SYSTECH- Enter only if it can stay above minor resistance breakout level of 0.30. High risk trade.

I am focusing on tech stocks for now as it is currently the most positive industry in Malaysia. Happy trading!

KLSE 2014 Nov17-Nov21 w47 Stocks Focus

KLCI continued its second wave of downtrend this week. Most of the stocks are under consolidation, please be caution in trading. This week's stock pick will be more fundamental related and they are long term investment. What I mean long term is more than 3 weeks to months.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
MITRA           6%      1.02    1.08              0.945         Resistance breakout from 1.01

ECONBHD     17%    0.97    1.13              0.91           Symmetrical triangle breakout

 

MITRA- Set for resistance breakout at 1.01, where good news are coming in.

ECONBHD- This stock has been forming symmetrical triangle since August. More upside if breakout happens.

KLSE 2014 Nov10-Nov14 w46 Stocks Recap

NIHSIN start to turn down once market was opened on Monday. No entry.

BORNOIL break above 0.90 and currently forming a flag pattern. Will be a high possibility to hit profit target next week.

SCICOM break above 2.05 on Monday and reach 2.18 of profit target on Tuesday!

Congratulations on those who traded SCICOM and patience is needed for BORNOIL to reach profit target!

KLSE 2014 Nov10-Nov14 w46 Stocks Focus

Before sharing for  this week's stocks focus, I would like to say KLCI is diverting from DJIA. KLCI has turned down for the last week at 1858 while DJIA just reach an all time high. This divergence could be due to KLCI is fundamentally weaker than DJIA. Long term outlook does not look great.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
NIHSIN           17%     0.50     0.585           0.425         Bounce off MA

BORNOIL       6.2%    0.90     0.955           0.826         Flag breakout

SCICOM         6.3%     2.05    2.18              1.89          Resistance breakout

NIHSIN- Enter only it breakout from 0.50 with high volume.
 

BORNOIL- Enter if flag breakout from 0.890.
 

The riskiest among these 3 stocks, SCICOM finally breakout form strong resistance of 2.04 on Friday.

You can continue to hold winners such as IFCAMSC, MYEG and also SKPRES-WA. Happy trading!

KLSE 2014 Nov3-Nov7 w45 Stocks Recap

SKPRES-WA gap up on Monday 0.310. It continue its uptrend to reach 0.38 on Friday. Return is 22%.

SEAL was not able to break above 1.04 level with high volume. So no game for this stock.

IJACOBS was not able to break above 0.50. So no game for this stock.

High volume breakout seen in MMODE on Wednesday but momentum does not last. Currently having low volume consolidation. As log as it can stay above 0.60. It will reach profit target. Else it is better to sell.

KLSE 2014 Oct27-Oct31 Stocks Recap

KLCI enjoyed a good week, rose 35 points, breakout from 1850 strong resistance level. Next week will be a key week to test whether 1850 will hold for long term uptrend.

TEKSENG started to move on Friday, closing at 0.865. Patient is required for riding up the trend to its profit target.
 

NIHSIN started to move on Monday, reaching a high of 0.545 on Thursday, Friday stock start to trend down after break time. Profit taking price is 0.520 with 7% gain.

IFCAMSC enjoyed a great upside, closed at 0.685 on Friday with a profit of at least 10%

Congratulations to those who traded NIHSIN and IFAMSC!

KLSE 2014 Oct20-Oct24 w43 Stocks Focus

This week's stock focus:

                   Entry     Profit Target Stop Loss  Strategy
SMRT        0.59       0.635             0.51           Trend following
ELSOFT    1.28       1.36               1.10           Trend following

SCICOM    1.82      0.56               1.63           Trend following

MYEG        3.46      3.65               3.10           Trend following

As DJIA started to rebound,  I expect next week will be a rebound week for KLSE. The "fundamentally good" stocks such as SMRT, ELSOFT, SCICOM and MYEG are good bets for short term rebound. Happy trading!

KLSE 2014 Oct7-Oct10 w41 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
MCLEAN    0.24      2.26               0.200       Bounce off 20 day Moving Average, challenging new high
DNEX         0.335    0.365             0.310       Bounce off 50 day Moving Average
Most of the counters suffered downtrend for more than 1 month now, so  I decided its time to spot for stocks that will technically bounce of Moving Average and with modest returns. Caution is required trading in next week's market as it is still in consolidation mode

KLSE 2014 Sep29-Oct3 Stocks Recap (1)

SCICOM open at 1.94 on Monday, reaching a high of 2.08, but forming a shooting star at the end. Realistic case is to exit on 2.01, with a modest return of 3.6%

SYCAL open at 0.475, but high selling pressure prevailed, forming dark cloud cover pattern. Any chance of going up failed.

KSSC opened at 0.735 and closed at 0.795. Profit target reached with a 8.1% return.

BJCORP opened 2cents higher than previous Friday's close, the plan is to wait for flag formation on Tuesday or Wednesday. So no trade for BJCORP.

Congratulations for those who traded SCICOM and KSSC. Expect next week to be another volatile week in KLSE. Please trade with caution

Stock Watch w40: MSPORTS

MSPORTS is currently at a healthy accumulation phase since 11th August, MACD is gradually reaching positive territory and it has high potential to go into distribution phase, with at least 10% upside from TA point of view.

KLSE 2014 Sep29-Oct3 w40 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
SCICOM     1.93      2.23               1.77          Ascending Triangle
SYCAL       0.47      0.505             0.435        Flag
KSSC          0.72      0.795             0.675        Flag
BJCORP      0.56      0.62              0.535        Flag

It may take a few weeks for SCICOM to reach profit target, pending on broad market condition

The ideal entry timing for BJCORP will be on Tuesday or Wednesday, after 1-2 days of low volume consolidation, forming a flag pattern before the stock can continue to trend upwards.

KLSE chart show signs of downtrend, caution is required for next week's trading. All the best and Happy Trading!

KLSE 2014 Sep22-Sep26 Stocks Recap (1)

BIG hit an intraday high of 0.93 on 22/9. Eventually form a top on 23/9. Realistic exit case was 0.90, with a profit of 6%.

EFFICEN is in price consolidation, short term recommendation is hold.

IRIS gap up 0.415 on Monday, which was way off entry price, so no game. Eventually the stock retrace back closing just above 20 day MA.

HOMERIZ was gap down opening at 0.875 on Monday. With the adjusted entry price, it finally reached profit target of 0.945 on Friday 26/9, with a 8% profit.

Congratulations for those who profit in BIG and HOMERIZ. Have a nice weekend.

KLSE 2014 Sep15-Sep19 Stocks Recap (2)

CAREPLS just hit intraday high of profit target 0.44 on Friday 26/9 with 10% return! Congratulations for those who are in position.  

KLSE 2014 Sep22-Sep26 w39 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
BIG             0.850     0.950            0.78          Momentum
EFFICEN    0.355     0.400            0.305        Momentum
YGL            0.310     0.370            0.260        Ascending Triangle
IRIS            0.40       0.430            0.355        Bounce of resistance
HOMERIZ  0.880     0.950            0.840        Momentum
KLSE is trading at 50MA, caution is required for next week's trading. All the best and Happy Trading!

KLSE 2014 Sep15-Sep19 Stocks Recap (1)

Here is the recap of last week’s stock focus:

YGL opened at entry price of 0.255 on 15/9/14. Then it reach intra day high of 0.325, touching profit taking point of 0.315. Profit % is 23.5%. Congratulations to those in position! :-)

GOODWAY opened at entry price of 0.565 on 15/9/14. Then it reach intra day high of 0.625 at 17/9/2014, touching profit taking point of 0.61. Profit % is 8% . Congratulations on those in position! :-)

CAREPLS is currently on low volume consolidation. It maintains possibility to rebound. Just take note of Stop Loss point.

MUIPROP- Ascending triangle formation still intact, recommendation is to hold.